Why is Zenith Steel falling/rising?

As of 03-Jul, Zenith Steel Pipes & Industries Ltd is experiencing a price increase, with the current price at 8.01, reflecting a change of 0.08 or 1.01% upward. The stock has shown a trend reversal, gaining after five consecutive days of decline. Despite a recent one-week performance of -7.08%, the stock has outperformed its sector today by 1.43%. Additionally, the delivery volume has increased by 8.47% compared to the five-day average, indicating rising investor participation. However, the company faces significant challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. The stock's performance over the past year has been poor, with a return of -42.87%, and it has underperformed the BSE500 in multiple time frames.
In the broader market context, while Zenith Steel's recent performance has improved, it still lags behind the benchmark, which has shown a slight decline of 0.62% over the past week. The stock's year-to-date performance is -0.25%, contrasting with the Sensex's gain of 6.53%. This underperformance highlights the challenges the company faces despite today's positive movement. The overall market sentiment appears to be cautious, given the company's weak fundamentals and negative results reported in March, which may continue to weigh on investor confidence moving forward.